- Trading Screen Product Name
- Butane Argus Futures (balmo)
- Trading Screen Hub Name
- CIF ARA Mini
- Contract Symbol
BUK
- Contract Size
100 metric tonnes
- Unit of Trading
Any multiple of 100 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
Average of Reference Price A prices
- REFERENCE PRICE A
NGL-BUTANE (EUROPE:CIF ARA LARGE CARGOES)-ARGUS INTERNATIONAL LPG
- a) Ref Price A - Description
“NGL-BUTANE (EUROPE: CIF ARA LARGE CARGOES)-ARGUS
INTERNATIONAL LPG” means that the price for a Pricing Date
will be that day’s Specified Price per tonne of butane for
delivery on the Delivery Date, stated in US Dollars, published
under the heading “northwest Europe and Mediterranean: CIF
ARA (large cargoes): Butane” in the issues of Argus
International LPG that reports prices effective on that Pricing
Date
- Contract Series
Up to 2 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Argus International LPG
- MIC Code
- IFED
- Clearing Venues
- ICEU